Several agricultural industry players showed growing interest in testing the benefits of Blockchain technology in supply chain tracking and data reporting. In a report released by The Australian Financial Review, CBH Group announced that it will test Blockchain technology in the tracking of oat shipments.
The Australia’s largest grain exporter, CBH Group, partnered with Sydney-based startup AgriDigital for the pilot project which will develop a Blockchain-based system to trace the grain's origin and document its quality.
The Blockchain-based system will display supply chain data to potential buyers. CBH hopes that this will increase buyers’ confidence in grain stores and boost sales for Australian grain growers looking to expand to Asian markets.
The Blockchain management pilot is set to launch next week at CBH's oats processor, Blue Lake Milling in South Australia. CBH Chief Executive Andy Crane said that if the project is successful, the pilot could eventually expand to cover the entire multi-billion dollar Western Australian grain industry.
Full story at http://bit.ly/2uPJAxy
Source: CoinTelegraph
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